Auditing, Accounting and Financial Reporting
At DeFalco & Co. we take time to thoroughly get to know your business and your key personnel. This knowledge enables us to correctly analyze your needs and develop a working relationship within your organization.
Continually expanding auditing standards and procedures represent the core of our profession and are a vital necessity to the business community. Auditing engagements ranging from comprehensive financial statement examination to limited scope special purpose investigations are performed in accordance with generally accepted auditing standards, with personnel assignments to each engagement carefully matched to the scope and nature of the particular undertaking. The performance of review and compilation engagement are similarly undertaken in accordance with applicable professional standards.
Our commitment to automation has enabled us to efficiently integrate various applications such as job costing, inventory control, specialized financial reporting, etc. so as to maximize efficiency while maintaining cost effectiveness, and has enabled us to eliminate geographical boundaries to client servicing through systems integration and remote accessibility while maintaining personalized interaction.
Estate and Trust Planning- Retirement & Asset Preservation
The process for effective planning is begun during a series of meetings wherein pertinent financial data is compiled and analyzed to develop the appropriate plan of action to achieve our client's objectives while minimizing the negative impact of potential estate and gift taxes.
Our professionals coordinate with the appropriately qualified attorney selected to draft such items as wills, life insurance trusts, testamentary, and intervolves trusts which might be required to achieve our clients goals. Options such as marital and unified credit trusts, QTIP and QDOT provisions, guardianship of minors, trustee selection and retention of wealth within the family unit are thoroughly explored.
In developing retirement planning, we focus upon the asset structure and our client's life-time cash flow needs, potential tax impact on liquidation and transfer of assets, and the coordination of asset flow between spouses and, eventually, to residual heirs. Matters such as home ownership, asset leveraging, and individual investment philosophy are explored and balanced with our client's personal lifestyle choices.
DeFalco & Co. provides ongoing accounting and tax compliance services for estate and trusts, both at the federal and state level.
Call DeFalco & Co. today at 908-322-9055 (Scotch Plains) or 201-659-5699 (Hoboken) to schedule a consultation, or browse our website for more information regarding tax services or general business services. If you have any other questions or comments, please contact us.
